Disney Increases Annual Cash Dividend by 50%; 2012 Shareholder Meeting to be Held in Kansas City

The Walt Disney Company (NYSE: DIS) board today declared an annual cash dividend of $0.60 per share, up 50 percent, or $0.20 per share, from the previous year. The dividend is payable on January 18, 2012 to shareholders of record at the close of business on December 16, 2011. The January dividend payment represents the 56th consecutive year of dividend payments to shareholders.

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ABC Family to Donate to Student Suggested Projects with ‘Bright Student, Big Ideas!’

ABC Family is joining forces with DonorsChoose.org on the “Bright Student, Big Ideas!” campaign, www.ABCFamily.com/BrightStudents. For the first time ever, public school students in grades 9-12 will be able to work with their teachers to submit a project for funding. ABC Family will “Double Your Impact,” providing 50 percent of the project funding (up to $100,000 in total funding).

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‘Sister Act’ Inspiration Claims Disney is a Sinner in Lawsuit

As a teen, she dropped out of high school to join the convent. For decades, she has devoted her life to the Lord, taking her preaching out into the streets of Harlem, New York, reaching out to drug dealers, addicts, prostitutes and gangsters. She sparked an ‘intimate’ friendship with noted Harlem mob boss Bumpy Johnson. She was elected into the office of unofficial mayor of Harlem and sworn in by former New York City Mayor Rudy Giuliani, as well as named the community mayor. She has even been profiled in the New York Times. But perhaps the part she is most well known for, if she has it her way, is the inspiration behind Whoopi Goldberg’s character of Deloris Van Carter in the hit musical comedy, Sister Act, as well as its sequel — Sister Act 2: Back in the Habit — and, most recently, the Broadway musical of the same name. Her name is Delois Blakely and she has recently filed a lawsuit in the United States District Court in New York against Walt Disney Studios (as Walt Disney Motion Pictures Group, Inc.), musical producer Stage Entertainment, Sony Pictures Entertaiment, producer Scott Rudin and original screenwriter Paul Rudnick for stealing her story and bringing it to the silver screen and Broadway stage.

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Disney’s Pamela Lifford Honored by Fashion Delivers Charitable Foundation

Fashion Delivers Honoree Pamela Lifford with Minnie Mouse in dress by Vivienne Tam © Gary HeDisney Consumer Products (DCP) today celebrates Pamela Lifford, executive vice president, Global Fashion & Home at DCP who was named one of the fashion leaders honored at Fashion Delivers™ 6th Annual Gala yesterday Tuesday, November 8, 2011 at the American Museum of Natural History in New York City. Fashion Delivers recognized three outstanding honorees who personify the belief that the fashion industry has a heart including: Pamela Lifford; Tom P. Johnson, CEO of Aéropostale; and Andy Hilfiger, Creative Director, Andrew Charles.

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Disney Interactive to Produce ‘Swampy,’ Future Web Series in YouTube Partnership

Disney Interactive and YouTube are joining forces to bring family-friendly video entertainment to the web. The alliance will bring together the leading provider of family-friendly entertainment with the Internet’s most popular destination for video programming.

Complementary online video destinations tailored to Disney audiences will be made available on both Disney.com and YouTube in early 2012, furthering Disney Interactive’s strategy to deliver the most relevant and immersive online experiences to its guests wherever they are.

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Walt Disney Company to be Honored by Boys & Girls Club of America

Boys & Girls Clubs of America (BGCA) will honor The Walt Disney Company with the Champion of Youth Award at its annual Great Futures Gala, October 20, 2011, at JW Marriott Los Angeles at L.A. Live. Extra host Mario Lopez, BGCA Fitness Ambassador and Alumni Hall of Fame member, will serve as Master of Ceremonies and BGCA National Trustees Alfred Multari, Vice President, Sales Operations and Customer Development, Nestle USA and Eric Shanks, President of FOX Sports will Co-Chair. A highlight of the evening will be the presentation of the inaugural Nestle/Magic Johnson Entrepreneur Award by BGCA Alumni Hall of Fame member Earvin “Magic” Johnson.

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Patent Infringement Lawsuit Filed Against Disney: ‘I Am Number 514′

The first DreamWorks motion picture to be marketed by Walt Disney Studios, I Am Number Four, is the basis for a new patent infringement lawsuit filed by Patent Harbor, LLC, in Texas Eastern District Court yesterday against The Walt Disney Company. Patent Harbor claims that the Blu-Ray and DVD editions of the DreamWorks film violates their patent, #5,684,514 (aka ‘514) – Apparatus and Method for Assembling Content Addressable Video, with its ‘content-addressing features (e.g. illustrated
chapter/scene selection) along with the authoring equipment, and/or sale of the authored discs,
on behalf of others and/or itself.’

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John Pepper to Resign in 2012; Iger to Assume Role as Board Chair; New CEO to be Named in 2015

The Walt Disney Company (NYSE: DIS) Board of Directors announced today it has agreed to extend Robert A. Iger’s contract through June 2016 as part of the Company’s ongoing succession planning. Under the new agreement, effective Oct. 1, Iger will assume the role of chairman in addition to chief executive officer following Chairman John E. Pepper’s retirement from the board at Disney’s 2012 annual shareholder meeting in March. Until then, Iger will remain president and chief executive officer.

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Apple, Pixar and Disney Reflect on Life and Death of Steve Jobs

After several years of health complications, Steve Jobs (b. February 25, 1955), founder of Apple Computer, former Chief Executive of Pixar Animation Studios and largest shareholder of The Walt Disney Company, passed away earlier today at the age of 56.

The news was delivered by the Apple Board of Directors who released the following statement:

‘We are deeply saddened to announce that Steve Jobs passed away today.

Steve’s brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives. The world is immeasurably better because of Steve.

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Gary Marsh Named as Lightcap’s Successor as President, Disney Channels Worldwide

The Disney/ABC Television Group today announced that Gary Marsh has been promoted to president, Disney Channels Worldwide. He will also continue in his role as the Channel’s Chief Creative Officer. This announcement follows the decision by Carolina Lightcap to step down as president, Disney Channels Worldwide.

In this new position, Mr. Marsh will have full creative oversight and leadership responsibility for Disney’s successful and burgeoning global kids TV business, comprising more than 100 kid-driven, family inclusive entertainment channels and feeds which are available in 169 countries and 35 languages. The portfolio spans Disney Channel, Disney Junior, Disney XD, Disney Cinemagic and Hungama brands; the Radio Disney broadcast and satellite radio network and station group; as well as subscription video-on-demand and the content-rich broadband websites DisneyChannel.com, DisneyJunior.com, DisneyXD.com and RadioDisney.com. Previously, Mr. Marsh had been president, Entertainment and Chief Creative Officer, Disney Channels Worldwide.

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